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Our company has two products for sale, Q and Z. At the end of the year, we have the following information, per unit Q $
Our company has two products for sale, Q and Z. At the end of the year, we have the following information, per unit Q $ Cost Replacement value Sales price Cost to sell a unit Normal profit on sales Number of units on hand 94 115 125 60 185 200 10 35% 100 $ $ $ $ $ 15 40% 200 For Q, what is the ceiling (net realizable value) per unit? For Q, what is the floor per unit? For Q, what is the lower of cost or market per unit? For Z, what is the ceiling (net realizable value) per unit? For Z, what is the floor per unit? For Z, what is the lower of cost or market per unit
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